HongLeong Investment Bank's Top Picks for 2023
With diminishing base effect and weaker external scene, we project Malaysia’s GDP to moderate to +4.0% in 2023.
Existing market headwinds are subsiding as FFR-OPR spreads should soon peak, ringgit is recovering, supply chains are improving, labour woes are easing and the political impasse resolved.
Granted, a recession in the developed West and its contagion is the key risk, but there could be cushioning from China’s likely reopening.
In any case, Malaysia is now on a much stronger footing (from sustained reopening) than it was during the pandemic.
Our 2023 KLCI target is at 1,580 (15.1x CY23 PE).
Existing market headwinds are subsiding as FFR-OPR spreads should soon peak, ringgit is recovering, supply chains are improving, labour woes are easing and the political impasse resolved.
Granted, a recession in the developed West and its contagion is the key risk, but there could be cushioning from China’s likely reopening.
In any case, Malaysia is now on a much stronger footing (from sustained reopening) than it was during the pandemic.
Our 2023 KLCI target is at 1,580 (15.1x CY23 PE).
Last Updated:
Stock prices in this Watchlist/Portfolio will refresh automatically for as long as 1 hour of inactivity. After the auto refresh is off, you can re-activate it by turning on the "Auto Refresh" switch.
Turn off this switch if you wish to stop the auto refresh feature before the 1 hour limit is up.
| Name | Ref Date | Ref Price | Price Diff | Open | Last | Chg% | Chg | Volume |
|---|
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Apps
Top Articles
2
3
4
Koon Yew Yin's Blog
5
Good Articles to Share
Slower US Fed pivot weakens rate-cut bets across emerging Asia
6
7
Good Articles to Share
8
Good Articles to Share
Bank of America CEO talks earnings, consumer spending, and inflation
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
TWL HOLDINGS BERHAD - REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2023/2028
2024-04-19 16:55:00
ADX
5 Mins
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
